Author: lbostgadmin
Cricket: Sri Lanka beat the rain to down Pakistan in first Test
GALLE, August 10, 2014 (AFP) – Retiring Mahela Jayawardene took on the unusual role of opening batsman to hand Sri Lanka a thrilling seven-wicket victory on the final day of the first Test against Pakistan in Galle on Sunday.– ‘Dropped catches cost us badly’ – Pakistan captain Misbah-ul Haq rued the missed chances on the […]
Sri Lanka to pave A5 road with an investment of $140 mn
(08, Aug, 2014 LBO)- Sri Lanka will rebuild 151.3 kilometers of road from Badulla to Chenkaladi with an estimated cost of 140 million US dollars, a statement said. The road will be rebuild with funds taken from OPEC fund for International development and the Saudi Fund for Development ( SFD) with the balance contribution being […]
Sri Lanka debt profile improves mid-year: Central Bank
Aug 08, 2014 (LBO) – Sri Lanka’s state debt statistics has improved by mid 2014 with public debt to gross domestic product falling to 7.4.3 percent, and foreign debt falling to 32.9 percent, the Central Bank said.Domestic debt was 44.3 percent of projected GDP down from 44.2 percent in December and down from 86.2 percent […]
Sri Lanka stocks close up 0.1-pct
Aug 08, 2014 (LBO) – Sri Lanka’s stocks closed 0.15 percent higher with Distilleries gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.05 points higher at 6,918.23, up 0.15percent. The S&P SL20 closed 11.84 points higher at 3,801.87, up 0.31 percent. Turnover was 1.58 billion rupees, down from […]
Cricket: Pakistan 347-5 in first Test vs Sri Lanka
GALLE, August 7, 2014 (AFP) – Younis Khan was unbeaten on 171 as Pakistan moved to 347-5 in their first innings by lunch on the second day of the first Test against Sri Lanka in Galle on Thursday.Resuming at the overnight total of 261-4, Khan and Asad Shafiq took their fifth-wicket stand to 137 before […]
Sri Lanka Port Authority calls for private investments to build port city
(07, Aug, 2014 LBR) – – Sri Lanka’s port city to be built on reclaimed sea will be financed with private capital and investors would be free to come up with proposals on how to use the land, an official said.The port city will have shopping areas, water sports area, mini golf course, hotels, apartments, […]
Sri Lanka stocks close up 1.1-pct
Aug 07, 2014 (LBO) – Sri Lanka’s stocks closed 1.10 percent higher recording over two billion rupees in turnover with tobacco stocks gaining amid strong foreign buying, brokers said. Foreign investors bought 737.17 million rupees worth shares while selling 312.60 million rupees worth shares. Ceylon Tobacco Company closed 28.70 rupees higher at 1,159.30 rupees, contributing […]
Pakistan bat against Sri Lanka in first Test
GALLE, August 6, 2014 (AFP) – Pakistan captain Misbah-ul Haq won the toss and elected to bat in the first Test against Sri Lanka in Galle on Wednesday.The start was delayed by 30 minutes due to a wet outfield caused by overnight rain.Bad weather has been forecast on all five days of the Test. Both […]
Sri Lanka stocks close up 0.3-pct
Aug 06, 2014 (LBO) – Sri Lanka’s stocks closed 0.26 percent higher with index heavy stocks gaining despite net foreign buying, brokers said. Distilleries closed 2.30 rupees higher at 204.00 rupees and Ceylon Tobacco Company closed 6.60 rupees lower at 1,130.60 rupees. The Colombo benchmark All Share Price Index closed 17.84 points higher at 6,833.26, […]
US demands Sri Lanka enforce its laws in latest rebuke
COLOMBO, August 5, 2014 (AFP) – The United States on Tuesday demanded Sri Lanka enforce its own laws after a meeting of US diplomats and war widows was disrupted by pro-government activists, in the latest rebuke by Washington.The US embassy said activists led by Buddhist monks stormed the meeting in Colombo on Monday and “behaved […]
India lashes WTO, defends decision on failed trade deal
NEW DELHI, August 5, 2014 (AFP) – India on Tuesday defended its decision to scuttle a landmark worldwide trade deal, saying it needed to take a tough stand at the WTO to ensure the survival of its impoverished farmers.Trade Minister Nirmala Sitharaman also lashed out at the World Trade Organization, accusing it of foot-dragging on […]
Compassion Measure
Aug 05, 2014 (LBO) – A regional consultant who works with mainly multinational businesses in South Asia and the Middle East says he wants to measure compassion in Sri Lanka business, after initiating the process in Pakistan.“I want to go deep and see how Sri Lankan organizations are different from Pakistan, even if they are […]